Vision Marine Technologies is to streamline its operations, consolidating two of its North Palm Beach, Florida, Nautical Ventures locations.
The company has sold property on which a Nautical Ventures dealership is located in at 300 U.S. Highway 1, following on from Vision Marine’s acquisition of the boat dealer in June 2025.
Vision Marine says it intends to consolidate operations from this dealership into a neighbouring water sports showroom to enhance operational efficiency while continuing to serve customers through the Nautical Ventures retail network.
When Vision Marine acquired Nautical Ventures, it also obtained rights to acquire properties owned by Nautical Ventures’ related parties as well as the right to receive the net proceeds from any subsequent sale of those properties to third parties.
We continue to streamline operations at Nautical Ventures.
Alexandre Mongeon
Following repayment of the mortgage associated with the property, Vision Marine received approximately US$2 million in net proceeds, which have been applied to reduce the company’s outstanding floor-plan financing.
“We continue to streamline operations at Nautical Ventures,” said Alexandre Mongeon, co-founder and CEO of Vision Marine.
“By combining our neighbouring locations in North Palm Beach, we expect to realise annual savings of up to US$0.8 million without materially impacting sales.
New collaborations
“Since acquiring Nautical Ventures, we have made significant operational improvements — reducing our floor-plan balances, tightening inventory, lowering overhead, and expanding our product portfolio through new collaborations and distribution agreements.”
The company has also continued to expand its propulsion system integrations.
Alexandre added: “This transaction reflects our continued focus on disciplined capital allocation and strategic consolidation.
“We are unlocking tangible value from non-core assets while positioning Vision Marine for scalable and profitable growth.”
